The China Securities Regulatory Commission’s former vice chairman Yao Gang was charged with corruption, according to the Central Commission for Discipline Inspection (CCDI), an anti-graft body.
Tag: China Securities Regulatory Commission
Insider trading at ICBC Credit Suisse
Former deputy head of trading at ICBC Credit Suisse Asset Management, Wu Tuofu, has been charged with insider trading, according to China’s state-run broadcaster CCTV.
Schroders fund breaks MRF approval deadlock
After a 16-month freeze, China’s regulator has finally approved a product for sale through the MRF – the Schroders Asian Asset Income Fund.
China’s regulator zeroes in on performance fees
Among the proposed rules are a requirement that an asset management firm inject at least RMB 10m ($1.5m) into mutual funds that levy a performance fee.
Ex-CSRC official fined $36m and banned for life
A former IPO approval committee member at the China Securities Regulatory Commission made an illicit gain of RMB 248m ($36m) by buying stakes in three pre-listed companies using insider information, according to the regulator.
China’s CSRC orders fund name change
Guaranteed funds in the mainland, worth RMB 320bn ($46.5bn), will be called “risk-hedging strategy funds” to reflect potential risks, according to the new guidelines released by the China Securities Regulatory Commission.
CSRC halts kickbacks on investor introductions
The Chinese regulator put a stop to `client service fees’ paid by fund management firms to third-party sales agencies that introduce new institutional clients.
Is the MRF a one-way scheme?
After 1.5 years, China’s regulator still hasn’t explained the delay in approving northbound funds through the MRF scheme, raising questions about how mutual the scheme is, according to industry players.
China’s top hedge fund manager jailed and fined $1.6bn
Xu Xiang, dubbed ‘Hedge fund brother no.1’ in China, was put in prison for five-and-a-half years and fined a reported RMB 11bn ($1.6bn), for market manipulation.
CSRC acts on illegal Stock Connect trades
The China Securities Regulatory Commission has made its first crackdown on an illegal transaction via the Shanghai-Hong Kong Stock Connect.
